nnn panera bread - capital pacific · about panera bread panera bread is a chain of fast, casual...
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nnn panera bread
For more info on this opportunity please contact:
3550 River Rapids Dr., Coon Rapids, MN 55448
nnn panera bread in minneapolis suburb JohN ANDReiNi
[email protected] | (415) 274-2715 CA BRE# 01440360
RiCk [email protected] | (415) 274-2709 CA BRE# 01792433
BoB [email protected] | (415) 274-2717 CA BRE# 00869657
ChRiS [email protected] | (415) 274-2701 CA BRE# 01002010
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Investment Highlights15-Year absolute net lease to panera bread In exceptIonal retaIl locatIon
ReNtABLe SF . . . . 4,105 SF
PRiCe PeR SF . . . . $690.62
YeAR BUiLt . . . . . . 2014
prIce: $2,835,000cap: 5.00%
PRoPeRtY highLightS
Hard corner signalized intersection with 62,000 VPD (outstanding visibility)
Retailers in the immediate area include Costco, Home Depot, Target, Walgreens, and countless other national corporate retailers
153,000 people within a 5-mile radius with projected growth in 1,3, and 5-mile radiuses
Located in the very desirable Minneapolis MSA
CReDit teNANt
Panera Bread had record revenues of $2.53 billion in 2014
Retained earnings of over $1.3 billion
Tenant has 1,880 retail locations in 45 states and Canada as of December 30, 2014
LeASe DetAiLS15-year corporate lease
10% rental increases in the base term and option periods
Tenant responsible for taxes, insurance, all interior and exterior repairs, maintenance, and replacements
Zero landlord responsibilities
PAnERA BREAD | 2
This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or im-plied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.
Income & expense
PRICE $2,835,000
Price Per Square Foot: $690.62
Capitalization Rate: 5.00%
Total Rentable Area (SF): 4,105
Lot Size (AC): 1.00
Year Built: 2014
STABILIZED INCOME Per Square Foot
Scheduled Rent $34.53 $141,750
Effective Gross Income $34.53 $141,750
LESS Per Square Foot
Taxes nnn $0.00
Insurance nnn $0.00
Total Operating Expenses $0.00
EQUALS NET OPERATING INCOME $141,750
REPRESENTATIvE PhOTO
PAnERA BREAD | 3
This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.
rent roll
teNANt iNFo LeASe teRMS ReNt SUMMARY
Tenant Name Sq. Ft. Term Current Rent
Monthly Rent
Yearly Rent
Monthly Rent/FT
Yearly Rent/FT
Panera Bread 4,050 1 5 $141,750 $11,813 $141,750 $2.92 $35.00
6 10 $12,994 $155,925 $3.21 $38.50
11 15 $14,293 $171,518 $3.53 $42.35
Option 1 16 20 $15,724 $188,690 $3.88 $46.59
Option 2 21 15 $17,294 $207,522 $4.27 $51.24
Option 3 26 30 $19,022 $228,258 $4.70 $56.36
Current Totals: 4,050 $141,750 $11,813 $141,750 $2.92 $35.00
ACTUAL PhOTO
PAnERA BREAD | 4
Bunker Lake Boulevard NW
hans
on B
oule
vard
NW
Coon Rapids Boulevard NWJeffe
rson
hig
hway
N
Main Street NWe Main Street
River Rapids Drive
W Main Street
10169
169
169
10
47
47
RiVeRDALe CRoSSiNg
RiVeRDALe MALL
Coon Rapids Middle School
Franklin elementary School
Lincoln elementary School
Morris Bye elementary School
Wilson elementary School
Anoka Middle School for the Arts
Anoka Middle School for the Arts
Coon Rapids high School
GREEN HAVEN GOLF COURSE
ANOKA-METRO REGIONAL
TREATMENT CENTER
MINNEAPOLIS
10 47
33,0
00 D
AILY
29,000 DAILY
69,000 DAILY
Roun
d La
ke B
oule
vard
NW
ULtiMAte RetAiL LoCAtioN Hard corner signalized intersection with 62,000 VPD (outstanding visibility). Retailers in the immediate area include Costco, Home Depot, Target, Walgreens, and countless other national corporate retailers
PAnERA BREAD | 5
Main Street
River Rapids
Drive NW
PYLoN SigN
NOT A PART
FUTURE RETAIL 4,500 SF
site plan
Roun
d La
ke B
lvd
ABOuT PAnERA BREADPanera Bread is a chain of fast, casual restaurants in the united States and Canada. Panera is Headquartered in Sunset Hills, Missouri (a suburb of St. Louis) and operates as the Saint Louis Bread Company in the St. Louis metropolitan area.
The company operates or franchises over 1,880 Panera Bread bakery-cafés in 40 states and has 20 facilities that deliver fresh dough to the bakery-cafés daily.
Panera has over 40,000 employees and the company’s revenue has continually been on the rise, reaching $2.52 billion in 2014.
panera bread
NUMBeR oF eMPLoYeeS 40,000+
2014 ReVeNUe $2.5 bIllIon
NUMBeR oF LoCAtioNS 1,880+
PAnERA BREAD | 7
surrounding retail photos
PAnERA BREAD | 8
regional Map
Coon Rapids MN Location
PANERAbREAD
TRAFFIC COunTS In ExCESS OF 62,000 VPD AT InTERSECTIOn
COOn RAPIDS
MInnEAPOLIS
22 Min16 Miles
PAnERA BREAD | 9
CooN RAPiDS, MN oVeRVieW
Coon Rapids is a northern suburb of Minneapolis, Minnesota, and as of the 2010 census, had a population of 61,476. It is the largest city in Anoka County and the twelfth largest city in the state.
The City is home to over 40 manufacturing firms, including manufacturers of medical instruments, aircraft parts, and electrical equipment. The City also includes a large amount of office space and over 2 million square feet of retail space in the Riverdale business district near uS 10 and Main Street.
The City of Coon Rapids is comitted to maintaining a positive business climate and fully cooperating with the business community to encourage greater economic development and greater employment.
The community of Coon Rapids offers a unique combination of urban excitement and small town friendliness, with many opportunities to work and play. Recreational activities are abound in Coon Rapids with many neighborhood and regional parks, municipal golf course, ice rinks, baseball fields and hiking trails.
location & demos
2013 HOUSEHOLD INCOMES
1-Mile 3-Mile 5-Mile
2010 7,653 72,024 151,2202012 7,592 72,257 153,0512018 7,651 73,852 157,899
1-Mile 3-Mile 5-Mile
Average $72,261 $75,636 $84,034Median $61,387 $62,720 $71,501
POPULATION
Employer # of Employees*Elementary & Secondary Schools 4,500General Medical & Surgical Hospitals 3,300Electrical Equipment Manufacturing 690Offices of Physicians 482*Approximate
TOP EMPLOYERS IN COON RAPIDS
REPRESENTATIvE PhOTO
PAnERA BREAD | 10
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JohN [email protected] | (415) 274-2715 CA BRE# 01440360
RiCk [email protected] | (415) 274-2709 CA BRE# 01792433
BoB [email protected] | (415) 274-2717 CA BRE# 00869657
ChRiS [email protected] | (415) 274-2701 CA BRE# 01002010